Qualcomm ups NXP bid to $44B in response to Broadcom

February 21st, 2018   decode   Android 7.1

The semiconductor business is getting into a new phase of takeovers. While Qualcomm was ready to purchase NXP for $47 billion ($37 billion value + $10 billion existing debt), it was surprised with a bid from Broadcom that reached $121 billion.

In a bold move, the San Diego company decided to boost its offer for NXP from $110 per share to $127.50 per share, or a total of $44 billion value.

Qualcomm’s presiding board director Tom Horton said the acquisition “enables Qualcomm to accelerate its growth strategy”. The deal already has support from major shareholders at the Dutch…

Written by decode

Website:

Comments are closed.